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View ChartswETH (SWETH) is a liquid staking token (LST) issued by Swell, a non-custodial Ethereum staking and restaking platform. It represents staked ETH along with accrued rewards from Ethereum's consensus and execution layers, allowing holders to earn staking yields while keeping their assets liquid and usable across DeFi. The token is built on Ethereum as an ERC-20 asset and removes the 32 ETH minimum typically required to run a validator node, letting users stake any amount of ETH. swETH launched in 2023 and is also referred to as Swell Ethereum on some trackers. Its contract uses a TransparentUpgradeableProxy pattern, and the token operates as a reward-bearing asset whose value relative to ETH increases over time rather than through supply inflation. Total supply is approximately 10,976 SWETH, with a reported max supply of 175,271 SWETH.
swETH was created by Swell Labs, an organisation focused on developing secure, accessible, and decentralised financial tools. Swell Labs promotes economic inclusivity by eliminating barriers to staking and supports Ethereum's network security and decentralisation through a diverse staking ecosystem. The team follows a security-first approach that includes continuous smart contract audits, a $250,000 bug bounty programme in collaboration with Immunefi, and rigorous selection of professional, experienced node operators to minimise slashing risks. The protocol is designed to be fully open-source, fostering transparency and community trust. Swell Labs also supports the broader ecosystem through rswETH, a liquid restaking token for protocols such as EigenLayer.
Users stake ETH through the Swell protocol and receive swETH in return, a yield-bearing token that represents their staked ETH plus rewards from Ethereum's consensus and execution layers. swETH operates as a reward-bearing token using a deflationary exchange rate mechanism: instead of increasing token supply, the value of each swETH appreciates relative to ETH as staking rewards accrue. The contract also uses a UI Multiplier mechanism, where displayed token amounts are scaled by the active multiplier based on the UIMultiplierUpdated event. Holders can exit staking positions through primary market withdrawals via the Swell platform, subject to Ethereum validator exit queues and processing times, or through secondary market trading on decentralised exchanges, where rates may vary from the primary market.
swETH combines Ethereum staking rewards with DeFi liquidity, allowing users to earn yield without locking up capital or meeting the 32 ETH validator threshold. Its reward-bearing design means token value grows over time rather than supply expanding, which may reduce the risk of taxable events in certain jurisdictions. The token can be traded or swapped on DEXs, used to provide liquidity for trading fees or incentives, used as collateral in lending platforms, and deposited into Swell's proprietary yield-generating Swell Vaults. Swell's ecosystem also includes rswETH, a liquid restaking token that extends functionality to EigenLayer and eliminates barriers such as the 32 ETH requirement or the need to manage validator operations, positioning swETH within a broader staking and restaking framework aligned with Ethereum's decentralisation principles.
swETH primarily functions as a yield-bearing liquid staking token that represents staked ETH plus accrued rewards. Its utility extends across DeFi: holders can trade or swap swETH on decentralised exchanges, provide liquidity in DeFi protocols to earn trading fees or incentives, and use it as collateral in lending platforms to borrow other assets. swETH can also be deposited into Swell Vaults for enhanced returns. Popular conversion pairs include SWETH to AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW. The token may be available for swapping via Onchain, Crypto.com's official decentralised product. In addition, Swell's rswETH serves restaking participants seeking liquidity while securing application-specific services through EigenLayer.
The Swell ecosystem centres on its non-custodial Ethereum staking and restaking platform, with swETH as its liquid staking token and rswETH as its liquid restaking token for protocols like EigenLayer. Swell Vaults provide proprietary yield-generating opportunities, while DeFi integrations support trading, liquidity provision, and collateral use. The token is tracked across multiple platforms and explorers including Etherscan, Beaconscan ETH2, Sepolia Testnet, Hoodi Testnet, Routescan, Ethplorer, Blockchain.com, CoinGecko, CoinMarketCap, and Crypto.com Onchain. On-chain data shows holder counts evolving over time, with Etherscan snapshots recording 15,163 holders in August 2026, 14,630 holders later that month with 528,153 transactions, and 15,219 holders by September 2026. Community channels include Blog, Reddit, X, Github, and Discord.
swETH is not mined through proof-of-work. It is obtained by staking ETH through the Swell protocol, a process that replaces traditional mining with Ethereum's proof-of-stake consensus. Users stake any amount of ETH and receive swETH in return, representing their staked ETH plus accrued rewards from Ethereum's consensus and execution layers. Rewards accrue through the reward-bearing mechanism, which increases the value of each swETH relative to ETH rather than increasing token supply. Staking rewards depend on Ethereum network conditions and validator performance. Swell Labs selects professional, experienced node operators to minimise slashing risks and maintain reliability, and the protocol is supported by continuous audits and a bug bounty programme.
Keeping swETH safe starts with secure wallet practices. Because swETH is an ERC-20 token on Ethereum, it can be held in compatible self-custody wallets where users control their private keys. Store seed phrases and private keys offline, never share them, and verify contract addresses before interacting with any token. The official swETH contract address on Ethereum mainnet is 0xf951E335afb289353dc249e82926178EaC7DEd78. Be aware that primary market withdrawals are subject to Ethereum validator exit queues and processing times, while secondary market trading rates may vary from the primary market. Swell Labs supports security through continuous smart contract audits, a $250,000 bug bounty programme with Immunefi, and rigorous node operator selection to reduce slashing risks.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for SWETH are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of swETH (SWETH) is $2,980.28. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated SWETH to USD rate at the top of BTCC’s price page. In terms of market scope, swETH records a 24h trading volume of $4.92K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $32.48M. Its current circulating supply stands at 10.76K out of a maximum supply cap of 175.27K.
The price volatility of swETH (SWETH) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (10.76K) to max supply (175.27K), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, swETH (SWETH) hit an all-time high (ATH) of $5,351.32 on 2025-08-24 19:25, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $1,535.38 on 2023-10-12 17:10. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading SWETH futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($4.92K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s SWETHUSDT perpetual contracts support two-way trading. If you anticipate a price decline for swETH, simply log into your BTCC account with USDT margin available, navigate to the SWETHUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for SWETHUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $2,980.28), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for SWETHUSDT with zero financial risk.
Trading swETH (SWETH) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for SWETHUSDT, and review its live price ($2,980.28) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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